U.S. Ban On Web Gambling Rejected

The U.S. ban on offshore Internet gambling payments is illegal, the World Trade Organization said yesterday, upholding a decision that allowed for sanctions.

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Sat, March 31st, 2007

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Casino gambling facts:

  • In 1980, the American Psychological Association included pathological gambling in their Diagnostic and Statistical Manual of Mental Disorders, Third Edition (DSM-III).
  • The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
  • In 1973, the Commission on the Review of National Policy toward Gambling was created to study gambling in the United States.
  • The name blackjack came from an early bet (since discontinued) that paid 10 to 1 if the player got a jack of spades and an ace of spades, both black cards, as the first two cards.